Total tax paid
£76,054
Did you know your employer also pays tax on your salary? It costs the employer £22,011 to pay you £146,250. In other words, every time you spend £10 of your hard-earned money, £5.20 goes to the government.
Real tax rate
45.2%
So, with you and the employer both paying tax, what used to be a 37% tax rate now rises to 45.2%, meaning your real tax rate is actually 8.2% higher than what it seemed at first.